Atain launches comprehensive DIC earthquake program

Atain launches comprehensive DIC earthquake program | Insurance Business America

Catastrophe & Flood

Atain launches comprehensive DIC earthquake program

This is the first time that it has partnered with a non-affiliate insurance service provider

Catastrophe & Flood

By
Noel Sales Barcelona

HW Kaufman affiliate, Atain Insurance Companies, has announced a partnership with Vikco Insurance Services, creating a comprehensive Difference in Condition (DIC) earthquake program, which will cover seven states in the western US.

“Atain’s partnership with Vikco signals an exciting new strategy where we can leverage Atain’s significant capital position to support expertise-driven programs that fit our appetite,” said Chris Zoidis, (pictured left) president and CEO – Atain Insurance Companies. “Given Vikco’s expertise in DIC property, coupled with their approach to thoughtful underwriting, we are confident in this successful effort together.”

Atain said that this was the first time in the company’s history that it had partnered with a business entity outside the HW Kaufman group. Usually, it provides services to its sibling companies. Zoidis said that Atain expects this new venture to be the first of many as it looks to diversify the company’s portfolio beyond the Kaufman companies.

Meanwhile, Vikco president Brian Cindric (pictured right) is happy with the new partnership, saying that it could boost the company’s capacity further.

“We appreciate the confidence from the Atain team and look forward to deploying this highly-rated capacity to our clients and their insureds,” said Cindric. “This is a great opportunity to begin a long-term and successful partnership with Atain.”

Atain, according to its website, is an admitted and non-admitted property and casualty insurance company dedicated to serving niche programs and excess & surplus (E&S) markets.

Originally founded in 1843, as Frankford Mutual Insurance Company in Philadelphia, PA, the company boasts more than 140 years of insuring experience, strongly rooted in the specialty insurance industry. Atain is licensed in 50 states, and the company underwrites numerous lines of business including professional liability, general liability, and commercial multi-peril risks.

What do you think of this story? Leave a comment below and let us know.